Pandora Media Director Unloads $355,100 in Stock (P)
Pandora Media (NYSE:P) Director Robert M. Kavner sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $35.51, for a total transaction of $355,100.00. Following the completion of the sale, the director now directly owns 27,757 shares of the company’s stock, valued at approximately $985,651. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barrington Research raised their price target on shares of Pandora Media to $40.00 in a research note to investors on Tuesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Pandora Media from $35.00 to $43.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Pandora Media to $41.00 in a research note to investors on Monday. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Pandora Media currently has an average rating of “Hold” and an average target price of $28.82.
Shares of Pandora Media (NYSE:P) traded up 0.08% during mid-day trading on Wednesday, hitting $35.83. 13,650,659 shares of the company’s stock traded hands. Pandora Media has a 52 week low of $11.42 and a 52 week high of $37.95. The stock’s 50-day moving average is $32.05 and its 200-day moving average is $26.12. The company’s market cap is $6.960 billion. Pandora Media also was the target of some unusual options trading on Wednesday. Stock investors bought 29,943 call options on the company. This is an increase of approximately 217% compared to the average volume of 9,457 call options.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.16. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $201.00 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 52.4% on a year-over-year basis.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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